Chainlink (LINK), the native token of the eponymous network, experienced a sharp rally on Wednesday
The token surged by approximately 18-20%, reaching an intraday peak of $14.57. It has vastly outperformed the rest of the top 20 tokens, including archrival XRP
The launch of the first U.S. Chainlink exchange-traded fund (ETF) is believed to be the key catalyst behind the recent surge
The product, which debuted on Dec. 2, provides direct exposure to LINK.
From the get-go, Grayscale, the world’s largest crypto asset manager, will be offering this ETF with 0% fees.
Bitwise filed an S‑1 registration statement with the SEC on August 26, 2025, to launch a spot Chainlink ETF. The fund has appeared on the registry of the Depository Trust & Clearing Corporation (DTCC) under ticker CLNK.
Canary Capital submitted an amended filing with the SEC for its “American‑Made Crypto ETF” that includes Chainlink alongside XRP and other assets
ATH is still out of reach
That said, LINK is still far from reclaiming its all-time high of $52.70, which was recorded back in May 2021. So far, the token is down by 72% from its record high
April 2021 was part of a major Bitcoin and altcoin bull run, with investors FOMOing into such tokens
The ETF-driven rally is rather strong, but the level of excitement surrounding Chainlink is still rather muted compared to that time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Spot ETF Records $6.44M Daily Net Inflows, AUM Reaches $1.095B
Gate News message, April 25 — XRP spot ETFs posted daily net inflows of $6.44 million, according to SoSoValue data. The funds' total assets under management (AUM) reached $1.095 billion, with XRP comprising 1.23% of net assets.
Historical cumulative net inflows for XRP spot ETFs have reached $1.291
GateNews1h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand10h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand10h ago
XRP Price Compression Signals Imminent Breakout as Traders Pause
Key Insights
XRP trades in a compressed range with tightening volatility, signaling a potential breakout phase as market participation slows and price action stabilizes.
Open interest dropped sharply from over $10 billion to $2.5 billion, reflecting reduced leverage and weakening
CryptoNewsLand10h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand11h ago
Ripple CTO Schwartz Denies Secret XRP-Government Plans, Calls Conspiracy Theories 'Almost Always False'
Gate News message, April 24 — Ripple Chief Technology Officer David Schwartz has rejected claims that XRP is tied to undisclosed U.S. government plans or hidden financial system deals. In posts on X, Schwartz directly addressed renewed conspiracy theories suggesting the token could reach extreme pri
GateNews12h ago
